Jul
03
Trade War’s Surprise Winner in Asia: Chinese Government Debt
By-
Chinese sovereign notes topped EM Asian returns last quarter
- Indonesian debt most exposed due to currency vulnerability
When it comes to Asian sovereign bonds it’s better being at the epicenter of a U.S.-China trade war than on the fringes of the quake radius.
Chinese and South Korean notes are climbing as the rise in protectionism batters their stock markets, drives a flight to safety and, in China’s case, prompts a more dovish monetary policy. Indonesia, India and the Philippines, by contrast, are more removed from the turbulence but are suffering from currency vulnerability due to current-account deficits…
Trade War’s Surprise Winner in Asia: Chinese Government Debt
